Chelsea target Radamel Falcao set to stay in Monaco?

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Chelsea's chances of signing Radamel Falcao could be dead in the water after the French government dropped plans to make Monaco pay a 75% super tax, reports El Mundo Deportivo.

Plans from the French government to get Monaco to pay the 75% tax rate along with other Ligue 1 clubs have been dropped after the National Assembly ruled that it would be unlawful to make a club that doesn't reside in the tax regime to pay French tax.

"We did not want to take a judicial or constitutional risk," Budget minister Bernard Cazeneuve told reporters.

It comes as great news for Monaco football club and Radamel Falcao, who were reportedly at odds with his pay package should the tax plans go ahead.

Currently Falcao earns €14m a year and is almost completely tax free but would have seen is salary vastly reduced if the tax law passed.

Falcao was reportedly offered to a number of clubs in August, shortly after joining from Atletico Madrid because of a dispute on what would happen if the law passed.

Falcao wanted a wage rise but Monaco didn't think paying the player the equivalent of €540,000-a-week was in their budget, even with billionaire Dmitry Rybolovlev in charge.

Now the French Assembly has ruled against Monaco's inclusion, there is a good chance that Falcao's disputes with the club will end.

That's bad news for Jose Mourinho and Chelsea, who were hoping to take advantage of the situation and sign the player for as much as £60m.

Chelsea's strike force has struggled this season with Fernando Torres, Demba Ba and Samuel Eto'o struggling for form.

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